Modern Australian
Men's Weekly

.

Survey shows over 50% of Hong Kong professionals considering leaving the city

HONG KONG SAR - Media OutReach - 29 September 2023 - A recent survey conducted by Robert Walters Hong Kong, the global specialist professional recruitment consultancy, has found that over half of Hong Kong professionals are considering or planning to move out of the city.

Of those surveyed, 15.6% expressed a desire to move as soon as possible, while 36.7% were considering a move in the next 3-5 years.

Among those who plan to work abroad, 51% age between 27 and 42 (Millennials), and 38% are 43-58 years old (Generation X).

John Mullally, Managing Director at Robert Walters Hong Kong comments, "The desire to work overseas and gain international experience is not new, especially among young people, but it's concerning to see such a large percentage of Hong Kong professionals considering leaving the city.

"As employers, we need to ensure that we are doing everything we can to retain our top talent, and this means offering opportunities for growth and development, as well as competitive compensation and benefits packages."

Professionals looking for opportunities in MNC

According to the survey, a whopping 96% of professionals who are planning to move overseas have already undertaken tactics to prepare for working abroad. The most popular tactic amongst these professionals was to look for a position in a multinational company, with 60% of the respondents opting for this.

On the other hand, 40% of those respondents who consider leaving the city are already applying for overseas jobs. 31% had started their plan by upskilling, training, or studying. Others are looking for internal mobility opportunities (27%) and switching career (27%).

John added. "On the positive side it is impressive to see professionals' desire to gain international exposure in today's globalised and competitive world. This can help them develop a broader vision, a stronger determination, and a richer network, which are valuable assets for any business."

Retain talent at the time of economic uncertainties

Interestingly, when asked what they valued most in their career, 31% of these respondents who consider working abroad chose job security over compensation & benefits (29%) as their first priority. Besides job security and compensation & benefits, professionals care most about career progression, team culture and then internal mobility, which are essential for their personal and professional growth.

It is important for employers to understand the expectations of their employees in order to retain their top talent, especially during times of economic uncertainties. "Moving abroad is not an easy decision. If what professionals want is to gain international experience for career growth or broaden their minds, there are employers that can facilitate this.", said John.

The poll was conducted among 107 Hong Kong professionals across various specialisations: accounting & finance, engineering & property, financial services, healthcare, human resources, legal & compliance, sales & marketing, supply chain, logistics & procurement, and tech & transformation.

Hashtag: #RobertWalters


The issuer is solely responsible for the content of this announcement.

Robert Walters Hong Kong

Established in 1985, Robert Walters is one of the world's leading specialist professional recruitment consultancies spanning 31 markets. The Hong Kong office specialises in placing candidates on a permanent basis in the following specialities: accounting & finance, engineering & property, financial services, healthcare, human resources, legal & compliance, sales & marketing, supply chain, logistics & procurement, and tech & transformation.

Your Guide to Finding the Right GP: What Perth City Doctors Offer Today

Choosing a General Practitioner (GP) is one of the most important health decisions you’ll make. Luckily, Perth’s vibrant CBD now hosts a new ge...

Why Every Mining Operation Needs a Robust Safety Management System

Mining is one of the backbones of the Australian economy, particularly in Western Australia. Back in 2019-20, mining contributed 10.4% of Australiaâ...

Australian Classic Literature Enjoys Resurgence

Welcome back to the good old days of storytelling! As the modern world becomes increasingly more demanding, returning to childhood favourites offers...

Building a Governance Model for Headless Content Management at Scale

Image by pch.vector on Freepik There's never been a better time to implement a headless content management system (CMS) to gain the flexibility and ...

Understanding Trade Insurance: Essential Protection for Businesses

Image by Drazen Zigic on Freepik In the current economic environment, trade insurance is an important element for companies trading both locally an...

Choosing the Right Timber for External Cladding

Timber cladding is one of those finishes that pulls double duty: it makes a building look warm and welcoming, and it quietly shields the frame from ...

Top Services Offered by Diesel Mechanics in Brisbane

Keeping a diesel vehicle running at its best takes more than the occasional oil change. When you invest in regular specialist care, you protect the ...

Top 5 Benefits of Hiring Professional House Removalists

Moving day should feel like the start of a new adventure, not the end of your patience. Yet once the settlement papers are signed and the champagne ...

Navigating the Digital Landscape: Managed IT Solutions and IT Services in Townsville

As technology advances at an unprecedented pace, companies must adapt to embrace the transformation ahead. With an evolving technology landscape, mana...

Types of Catering You Should Consider for Your Next Event

Choosing the right type of catering service can elevate your event from ordinary to unforgettable. Whether it’s an elegant wedding, corporate func...

Understanding the Benefits of Split System Installation for Your Home

Climate control is essential to maintaining comfort in your home, especially during the extreme temperatures that many regions face. Whether you’r...

Best Aluminium Window Sliding Designs for Natural Light and Airflow

Bringing natural light and airflow into a space is one of the most efficient ways to create a healthy and comfortable home. In Sydney and across Aus...

Maximising Operational Efficiency: Electric Winch Hire Australia and Hydraulic Power Pack Hire Solutions

Image by jcomp on Freepik From urban construction sites and remote mining operations to coastal maritime facilities, specialised equipment solutio...

Navigating the System: Your Guide to Support Finding Work with a Disability Around Melbourne

Image by freepik Finding the right job can be a challenge for anyone, but it can feel particularly daunting when you're also navigating life with a ...

Say Goodbye to Draughts and Hello to Savings: Your Guide to Perth Window Replacement

Image by prostooleh on Freepik Are your windows looking worse for wear? Are you paying a hefty power bill due to sneaky draughts and poor insulation...

How to Choose the Right Horse Trailer for Your Riding Needs

Many horse owners travel long distances for riding lessons, competitions, or to move horses between properties. Having a safe and reliable trailer i...

Sydney Turf Installer for Instant Green Lawns and Long-Term Performance

Having a green lawn at home makes everything look better. Whether it’s the front yard, backyard, or a small patch beside the driveway, people in S...

Designing Better Living Spaces: Why New Kitchens in the Blue Mountains Are in High Demand

The Blue Mountains region is seeing a steady rise in home upgrades. According to recent housing data, kitchen renovations remain one of the most req...